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All News articles – Page 103
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NewsUS Trade Representative rejects Volvo and GM requests for tariff exemptions
The United States Trade Representative (USTR) has turned down separate applications from Volvo and GM to be excluded from a 25% import duty on their Chinese-made SUVs. The levy has been in place for almost a year and Volvo has shifted its US-bound XC60 production from China ...
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NewsNew managers on board at Road & Rail
Road & Rail Services, based in Kentucky, has appointed two new managers as the third-party logistics (3PL) provider works towards new commercial opportunities
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NewsChangan Ford fined for anti-competitive practice in China
China’s anti-trust regulator has ordered Changan Ford Automobile, the US carmaker’s 50:50 joint venture with Chongqing Changan Automobile, to pay a penalty of 162.8m yuan ($23.5m) for having restricted prices since 2013. Changan Ford laid down minimum levels for its dealers in the company’s home city, depriving ...
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NewsOEMs look forward to continued trade between UK and South Korea
The UK and South Korea are on the brink of formalising a free trade agreement (FTA) following the conclusion of discussions and the signing this week of a joint statement by the two countries
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NewsVW signs joint venture for assembly in Uzbekistan
Volkswagen Group’s division in Russia – Volkswagen Group Rus – has entered into a joint venture with the Uzbek state-owned corporation Uzavtosanoat to assemble cars in Uzbekistan. The deal was formalised in an inter-governmental agreement signed by German president Frank-Walter Steinmeier and Uzbek president Shavkat Mirziyoyev ...
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NewsARS Altmann and ICL on track to China
German vehicle transporter ARS Altmann and Intermodal Container Logistics (ICL), based in Austria, started running trains to transport cars between China and Europe this month
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NewsBrazilian vehicle sales help to offset export decline to Argentina
Domestic demand for vehicles in Brazil is helping to offset a decline in export sales because of the economic slowdown in neighbouring Argentina, which is Brazil’s main automotive export market. However, according to research commissioned by the national association of automotive vehicle manufacturers in Brazil – Anfavea – it is ...
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NewsHard Brexit fear haunts UK's finished vehicle sector
British vehicle transporter ECM has expressed concerns about implications for the automotive industry should the UK exit the European Union (EU) without an agreement on October 31
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NewsMMK to build steel production and logistics facility in Togliatti
Russian materials supplier, Magnitogorsk Iron and Steel Works (MMK), is building a 1.2 billion rouble ($18.4m) production and logistics facility in Togliatti following a deal signed with local government. The company said it was building the new plant because of high demand by the automotive industry for its metal products ...
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NewsAuto industry welcomes suspension of Mexico tariffs
President Donald Trump has suspended a threatened 5% tariff on US imports of Mexican goods, including vehicles and automotive parts, which was to be imposed on Monday (June 10). Trump initially said at the beginning of June that the US would start with a 5% tariff and escalate the levies ...
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NewsFord announces closure of UK engine plant
Ford plans to shut its 1,700-employee engine factory in Bridgend, South Wales, and shift production to Mexico. Declining demand and excess capacity lie behind the decision. “We have seen global demand for the 1.5-litre, three-cylinder [Dragon petrol engine] decline, so we have additional global capacity and four ...
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FeatureGaz Group rolls towards bankruptcy
The Russian carmaker is desperately urging the US government to abandon sanctions against it before the company falls into bankruptcy. Oleg Deripaska, owner of Gaz, warned that July 4, when the existing sanctions are due to come into full effect, could be the last functional day of its production operations.
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NewsSMMT warns of ‘no deal’ cost after Brexit blow
A sustained production decline in the UK’s car industry could be expected to ease by year-end as new models arrive and output balances out over the third quarter, provided the country leaves the European Union (EU) with a favourable deal, a substantial transition period and all other things remain equal, said Mike Hawes, CEO of the UK’s Society of Motor Manufacturers and Traders (SMMT).
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NewsToyota to build Hilux pickups in Myanmar from SKD imports
Toyota plans to start assembling the Hilux pickup truck in Myanmar from semi-knockdown (SKD) kits imported from Thailand starting in February 2021. Hand-in-hand with the expansion of its global production footprint, the Japanese carmaker said it would develop local manufacturing and contribute to the development of the ...
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FeatureKenya halts import of used car parts
Kenya is enforcing a ban on the import of used vehicle spares in a bid to tackle the existing chaos in the trade of used cars and spares. However, the move could impact tens of thousands of unofficial dealers…
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NewsCriss Edwards moves from XPO to automotive role at Ceva Logistics
Criss Edwards (pictured) has joined Ceva Logistics in a newly created role as senior vice president automotive and industrial inbound logistics, based at the company’s new operations centre in Marseilles, France. He was most recently at XPO Logistics as senior vice president of operations with responsibility for ...
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NewsHugo Pluess moves to Imperial Logistics as CIO
Hugo Pluess will take on the newly created role of chief information officer (CIO) at Imperial Logistics International from August 1 this year. He moves from his role as executive vice-president of global IT infrastructure at Ceva Logistics in Switzerland. Hugo Pluess, the new CIO at Imperial Logistics ...
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NewsAutomotive to play key role in Gefco’s China strategy
French logistics provider Gefco has set up a dedicated subsidiary in Chongqing specialising in importing and exporting vehicles by rail between Europe, Russia and China, and developing the group’s other logistics activities in central China. It made the annoucement to coincide with the tenth anniversary of its wholly owned subsidiary ...
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NewsCMA CGM and MSC join TradeLens blockchain platform
CMA CGM and Mediterranean Shipping Company (MSC) have announced they are joining the TradeLens digital business platform, a service based on blockchain technology to provide secure shipping data and make global trade more efficient
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NewsRussian carmakers boost exports to help plant capacity
In the first quarter of 2019 Russia exported 22,700 finished vehicles, an increase of 43.3% compared to the same period last year and equal to $307m, according to the Russian Federal Customs Service. Vladimir Bespalov, analyst of the Russian consulting service VTB capital, said a number of ...